Karachi November 11 2022: In accordance with the approval granted by the State Bank of Pakistan, JS Bank Limited has acquired 86,316,954 ordinary shares of Banklslami Pakistan Limited from Emirates NBD Bank PSJC on November 11, 2022, according to the company filing to the exchange.
This constitute 7.79 percent of BankIslami Pakistan Limited paid-up capital.
JS Bank Limited is a banking company incorporated in Pakistan as a public limited company on March 15, 2006. The Bank is a subsidiary company of Jahangir Siddiqui & Co. Ltd. (JSCL). It is engaged in commercial banking and related services as described in the Banking Companies Ordinance, 1962.
